Blockchain 

Bakkt Futures Monthly Trading Volume Starts to Pick Up Pace

Bakkt, the crypto exchange platform from the Intercontinental Exchange, has seen its futures trading volume soar to 1,061 contracts, indicating that institutional investors are finally getting on board with the platform. Since its launch on September 27, Bakkt has endured a sluggish start to life despite being one of the most highly anticipated exchange in the world of crypto this year. With just 623 futures contracts being traded in the first week, for a total value of just over $5 million USD, it appeared as though the platform was a massive…

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Blockchain 

Binance US to Include NEO and ATOM for Trading

One of the biggest reasons behind the remarkable growth of the cryptocurrency space is due to the establishment of big-ticket exchanges, and in that regard, Binance US could end up becoming one of the most influential. It is the world’s biggest crypto exchange by trading volume, and its entry into the United States is a major event. Key Details It emerged that the American arm of Binance is going to add support for both Cosmos (ATOM) and Neo (NEO). The company made the announcement on October 30 and went on…

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Blockchain 

Coinbase Earned About $2 Billion in Trading Fees Since 2012

Over the years, crypto exchanges have become the most important part of the entire ecosystem, and among the many exchanges, Coinbase is definitely one of the most influential. It has grown into one of the biggest exchanges in the world and the exchange of choice for millions in the United States, the most important market for any business. Solid Numbers The company’s Chief Executive Officer Brian Armstrong recently spoke at Vanity Fair’s New Establishment Summit and stated that the company has notched up $2 billion fees since its inception. The company…

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Cryptocurrency 

eToro Launches Twitter Sentiment Trading Portfolio

eToro, the Israeli-based brokerage firm, has launched a new portfolio that uses AI to analyze Twitter for the latest social media perceptions of digital assets. The tool, which is called TheTIE-LongOnly CopyPortfolio, is a collaboration between eToro and cryptocurrency analytics firm The TIE. According to The TIE, the platform’s “proprietary machine learning and language processing models ingest 850 million tweets per day, quantifying the positive and negative tone of conversations on Twitter.” The platform then leverages this data and allocates trades based “on positive sentiment, algorithmically rebalancing once per month.” The system is…

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Blockchain 

Bakkt’s First Week Trading Volumes Hit Just $5 Million USD

Bakkt, the highly anticipated Bitcoin futures contract, recorded just $5 million USD in total trading during its first week. The long-awaited Bitcoin futures platform from The Intercontinental Exchange (ICE) launched last week to considerably underwhelming fanfare given the hype surrounding the project since it was initially announced last year. According to ICE, which is also the parent company of the New York Stock Exchange, just 623 Bitcoin futures contracts were traded during the first week of Bakkt. Each of Bakkt’s futures contracts represents one Bitcoin, so just over $5 million…

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Blockchain 

Ripple Transfers XRP to New Trading Address

Over the past month or so, the Ripple (XRP) community has been in the news due to the way in which Ripple, the largest holder of XRP, has dumped the token in copious amounts. It has been alleged that the company’s actions have resulted in the poor performance from XRP during the crypto rally during the first half of the year. Key Details While the company did explain that it was not a ‘dump,’ a new development has emerged that could send the community over the edge once again. According…

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Blockchain 

SoFi Introduces Crypto Trading With Multiple Digital Currencies

Over the course of the past couple of years, crypto trading has turned into a legitimate vocation for a large number of people, and nowadays, the options when it comes to choosing an exchange are varied. Some years, people who wanted to trade in cryptocurrencies did not have many options, and the exchanges that were available did not often have the sort of liquidity that traders want. However, things have changed over the years, and in a new development, SoFi has launched its very own cryptocurrency trading platform. SoFi is…

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Blockchain 

Binance.US will Officially Launch Trading Tomorrow

Binance.US, the American branch of the world’s largest crypto exchange, will officially begin trading tomorrow, September 24. The exchange will list seven cryptocurrencies upon launch, including Bitcoin (BTC), Binance Coin (BNB), Ethereum (ETH), XRP, Bitcoin Cash (BCH), Litecoin (LTC), and Tether (USDT). Five more coins will be accepted at a later date, including Ethereum Classic (ETC) and Stellar (XLM). To encourage user uptake, Binance will offer commission-free transactions until the beginning of November, and trades in large-cap coins, such as Bitcoin, will remain free afterward. We believe we are just…

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Blockchain 

Cryptocurrency Exchange Deribit Launches Bulk Derivatives Trading

Ever since cryptocurrencies became one of the world’s best known digital assets, there has been widespread talk about creating derivatives backed by the leading ones. However, it never really came about due to regulatory issues and lack of popular demand. The climate has changed significantly over the past year or so and slowly but steadily, many crypto firms have been able to secure permission from the regulators to offer derivatives to their customers. Deribit is one of the few exchanges that is almost solely engaged in dealing in crypto futures,…

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Blockchain 

Koinex Exchange Shuts Down Trading Services in India

Koinex is the latest cryptocurrency exchange to fall prey to India’s ban on virtual currencies. Months after delisting several cryptocurrencies, the exchange has shut down its trading services. The exchange has blamed uncertainty as well as disruptions for the unexpected decision. Koinex Shutdown In an official statement, Koinex says it has always wanted to provide blockchain enthusiasts a reliable way of digital trading assets. The government-instituting ban on cryptocurrencies, according to Koinex management, made it impossible to continue offering crypto trading services. The exchange has since given its customers until…

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